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Getbig Main Boards => Gossip & Opinions => Topic started by: the trainer on June 13, 2014, 08:54:57 AM

Title: Managing your money
Post by: the trainer on June 13, 2014, 08:54:57 AM
I always hear people crying that their financial adviser, business manager, broker etc set them up with bad deals or screwed them out of money, now I dont have any fancy degrees but I am smart enough to know not to pay some greedy fucker to manage my money. manage your money yourself study the markets and know your investments or become another sucker.
Title: Re: Managing your money
Post by: FermiDirac on June 13, 2014, 08:56:17 AM
I always hear people crying that their financial adviser, business manager, broker etc set them up with bad deals or screwed them out of money, now I dont have any fancy degrees but I am smart enough to know not to pay some greedy fucker to manage my money. manage your money yourself study the markets and know your investments or become another sucker.

Yes, we know this.  ::)
Title: Re: Managing your money
Post by: thulsaDOOM210 on June 13, 2014, 09:03:30 AM
I always hear people crying that their financial adviser, business manager, broker etc set them up with bad deals or screwed them out of money, now I dont have any fancy degrees but I am smart enough to know not to pay some greedy fucker to manage my money. manage your money yourself study the markets and know your investments or become another sucker.

Brought to you by the stunt double for little richard in gay movies....
Title: Re: Managing your money
Post by: Hulkotron on June 13, 2014, 09:04:19 AM
Brought to you by the stunt double for little richard in gay movies....

Haven't you heard?  "the trainer" is over 250 lbs and 8-12% bf.
Title: Re: Managing your money
Post by: thulsaDOOM210 on June 13, 2014, 09:05:58 AM
Haven't you heard?  "the trainer" is over 250 lbs and 8-12% bf.

It's getbig ni&&a......aren't we all? :-*
Title: Re: Managing your money
Post by: Skorp1o on June 13, 2014, 09:07:12 AM
I always hear people crying that their financial adviser, business manager, broker etc set them up with bad deals or screwed them out of money, now I dont have any fancy degrees but I am smart enough to know not to pay some greedy fucker to manage my money. manage your money yourself study the markets and know your investments or become another sucker.

Great post. I would also add:

Don't listen to anything financially related from someone who doesn't even have a degree
Title: Re: Managing your money
Post by: _aj_ on June 13, 2014, 11:00:57 AM
The Trainer sure starts a LOT of shit threads...
Title: Re: Managing your money
Post by: Gonuclear on June 13, 2014, 11:15:24 AM
I always hear people crying that their financial adviser, business manager, broker etc set them up with bad deals or screwed them out of money, now I dont have any fancy degrees but I am smart enough to know not to pay some greedy fucker to manage my money. manage your money yourself study the markets and know your investments or become another sucker.


I'll bite.  So what's your view on the following:

1. Performance of US and international equity markets over the next five years, please break down based on small cap and large cap;
2. The same for the bond market.  Where do you think the US treasury constant maturity benchmark will be in five years?  How about municipal bonds?
3. Commodities are not performing well right now; is this a buying opportunity to hedge against when inflation returns?
4. What is your view on REITs?

Finally, what kind of yield are you enjoying currently in your investments?  How about total return?

Fill this thread with your intelligence.
Title: Re: Managing your money
Post by: Kwon_2 on June 13, 2014, 11:38:04 AM
The Trainer sure starts a LOT of shit threads...

And not even ending them with a single (Ronnie)!!!

Prepostrous!
Title: Re: Managing your money
Post by: the trainer on June 13, 2014, 02:03:37 PM
And not even ending them with a single (Ronnie)!!!

Prepostrous!


Ok fine here is ronnie.

(http://www.getbig.com/boards/index.php?action=dlattach;topic=243930.0;attach=284286;image)
Title: Re: Managing your money
Post by: pluck on June 13, 2014, 03:15:22 PM
I always hear people crying that their financial adviser, business manager, broker etc set them up with bad deals or screwed them out of money, now I dont have any fancy degrees but I am smart enough to know not to pay some greedy fucker to manage my money. manage your money yourself study the markets and know your investments or become another sucker.

That's bevause it's not difficult to manage the change in your pocket.

You must have some accumulated wealth, then you'd understand.
Title: Re: Managing your money
Post by: thulsaDOOM210 on June 13, 2014, 03:47:32 PM
M

I'll bite.  So what's your view on the following:

1. Performance of US and international equity markets over the next five years, please break down based on small cap and large cap;
2. The same for the bond market.  Where do you think the US treasury constant maturity benchmark will be in five years?  How about municipal bonds?
3. Commodities are not performing well right now; is this a buying opportunity to hedge against when inflation returns?
4. What is your view on REITs?

Finally, what kind of yield are you enjoying currently in your investments?  How about total return?

Fill this thread with your intelligence.

Aww shit son!!! The kid pocket protectors and green visors are off!
Title: Re: Managing your money
Post by: Nails on June 13, 2014, 03:53:48 PM
(http://i43.tinypic.com/ac5phi.jpg)
Title: Re: Managing your money
Post by: Mr Anabolic on June 13, 2014, 04:08:54 PM
The banking and financial system is based on fraud, on top of fraud, on top of fraud.  This system has the masses brainwashed into believing you should have your cash invested in their fraud system.  They are skimming you... 3% here, 5% there.  The real criminals are these $3000-5000 suit wearing smooth talkers, not the ghetto guy who robs the 7Eleven.

Title: Re: Managing your money
Post by: XFACTOR on June 13, 2014, 04:16:51 PM
ESFitness in 54321.....
Title: Re: Managing your money
Post by: thulsaDOOM210 on June 13, 2014, 04:16:57 PM
The banking and financial system is based on fraud, on top of fraud, on top of fraud.  This system has the masses brainwashed into believing you should have your cash invested in their fraud system.  They are skimming you... 3% here, 5% there.  The real criminals are these $3000-5000 suit wearing smooth talkers, not the ghetto guy who robs the 7Eleven.



You hear that "the trainer"? You and I are clear! Kno whut I sayin?
Title: Re: Managing your money
Post by: thulsaDOOM210 on June 13, 2014, 04:17:37 PM
ESFitness in 54321.....
:D
Title: Re: Managing your money
Post by: ESFitness on June 13, 2014, 04:47:52 PM
I always hear people crying that their financial adviser, business manager, broker etc set them up with bad deals or screwed them out of money, now I dont have any fancy degrees but I am smart enough to know not to pay some greedy fucker to manage my money. manage your money yourself study the markets and know your investments or become another sucker.

yea, because I don't want somebody who's greedy helping me with my money..  ::)

most people dont' know dick about finance, so most people would be much better off with a financial advisor.

I'm fairly competent when it comes to accounting, but come tax time, some things are best left to professionals.

I'm also fairly competent at many things, but many things are best left to professionals.
Title: Re: Managing your money
Post by: Mr Anabolic on June 13, 2014, 04:53:04 PM
yea, because I don't want somebody who's greedy helping me with my money..  ::)

most people dont' know dick about finance, so most people would be much better off with a financial advisor.

I'm fairly competent when it comes to accounting, but come tax time, some things are best left to professionals.

I'm also fairly competent at many things, but many things are best left to professionals.


Fairly tales can come true...

Truth is, it's not complicated at all, but the banking/financial industry has a vested interest in making it sound as complicated as possible.
Title: Re: Managing your money
Post by: XFACTOR on June 13, 2014, 05:05:09 PM
yea, because I don't want somebody who's greedy helping me with my money..  ::)

most people dont' know dick about finance, so most people would be much better off with a financial advisor.

I'm fairly competent when it comes to accounting, but come tax time, some things are best left to professionals.

I'm also fairly competent at many things, but many things are best left to professionals.

boom
Title: Re: Managing your money
Post by: the trainer on June 13, 2014, 05:06:01 PM

I'll bite.  So what's your view on the following:

1. Performance of US and international equity markets over the next five years, please break down based on small cap and large cap;
2. The same for the bond market.  Where do you think the US treasury constant maturity benchmark will be in five years?  How about municipal bonds?
3. Commodities are not performing well right now; is this a buying opportunity to hedge against when inflation returns?
4. What is your view on REITs?

Finally, what kind of yield are you enjoying currently in your investments?  How about total return?

Fill this thread with your intelligence.

I dont know shit about that I do low risk investments at my bank, the returns might be low but I wont lose my money and when I retire I dont have to worry about anything.

Title: Re: Managing your money
Post by: _aj_ on June 13, 2014, 06:51:58 PM
I always hear people crying that their financial adviser, business manager, broker etc set them up with bad deals or screwed them out of money, now I dont have any fancy degrees but I am smart enough to know not to pay some greedy fucker to manage my money. manage your money yourself study the markets and know your investments or become another sucker.

I dont know shit about that I do low risk investments at my bank, the returns might be low but I wont lose my money and when I retire I dont have to worry about anything.

You start the thread with a boast about how folks should be able to manage their money themselves and when called out, you respond that you "don't know shit about that".

Don't know fuck-all about training, nutrition, diet, gear OR fucking money. Sure thing, "trainer"
Title: Re: Managing your money
Post by: Coach is Back! on June 13, 2014, 08:56:59 PM
Great post. I would also add:

Don't listen to anything financially related from someone who doesn't even have a degree

You can't possibly be serious?
Title: Re: Managing your money
Post by: FermiDirac on June 13, 2014, 10:40:21 PM
I dont know shit about that I do low risk investments at my bank, the returns might be low but I wont lose my money and when I retire I dont have to worry about anything.


(https://mondaybynoon.com/wp-content/uploads/xVyoSl.jpg)
Title: Re: Managing your money
Post by: the trainer on June 14, 2014, 09:15:44 AM
You start the thread with a boast about how folks should be able to manage their money themselves and when called out, you respond that you "don't know shit about that".

Don't know fuck-all about training, nutrition, diet, gear OR fucking money. Sure thing, "trainer"

First of all I am an expert on training, nutrition, diet and gear I can go head to head with anybody and put them to shame with my knowledge, when it comes to money managing like I said I only do low risk investments and dabble with mid risk investments, I have cds, bonds, mutual funds stocks etc in my portforlio I have no reason to become an expert with all the investments on the planet I only research investment when I am interested in it.

Guy like AJ are suckers a guy in a suit tells them what to do with their money then a few years down the road they find out that their investment is gone then the guy in a suit goes and relax in a fancy prison for a few years playing tennis while you suckers have to start from the bottom again.
Title: Re: Managing your money
Post by: polychronopolous on June 14, 2014, 10:16:45 AM
ESFitness in 54321.....

Warren Buffett aims for a 2% return every month.

ESFitness aims for 2% A WEEK.
Title: Re: Managing your money
Post by: 2Thick on June 14, 2014, 11:02:30 AM
I've been investing my own money for 20 years, and investing others' money for 10.

I do agree that most with substantial assets are better off trusting a professional or several and paying them.

If you've got limited funds, you can either stick them in an index fund, or else keep them in savings while you do a few month's worth of reading and following the markets. Read books by / about Ben Graham, Buffett, Soros, Icahn, Peter Lynch, et al, find a few companies with solid fundamentals, open up a discount brokerage IRA / Roth account, and add to it every paycheck. Try to max it out each year. $5k put into a retirement account with $400 added each month over 30 years will yield you close to a mil if you average the 10% the markets have over the last 50 years.

Don't quit your job to "invest" unless you come into millions or more. You won't be the best investor ever, and you probably won't make the 20+ % Buffett and the others have made over many decades. And the more you listen to hacks, trade in and out of positions, etc the more likely you are to committ financial suicide.